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Fareway To Purchase Brick Street Market In Bondurant, IA

Fareway

Fareway Stores has agreed to purchase the existing Brick Street Market and Café at 114 Brick St. SE in Bondurant, Iowa. The 20,000-square-foot store opened in 2014 and Fareway plans to finalize the purchase and transition in early 2023.

“We are excited to expand Fareway Meat & Grocery into Bondurant,” said Reynolds W. Cramer, CEO. “We look forward to serving area residents locally and becoming an integral part of the Bondurant community. Eight years ago, Brian and Mary Lohse brought a local grocer to Bondurant, and we are grateful they believe in Fareway to carry on their efforts.”

Fareway is a growing Midwest grocery company operating 131 stores in a seven-state region. It is a family-owned business, recognized as a top 10 employer in Iowa, and has more than 12,000 total employees.

“In 2014, we opened Brick Street Market to serve our community of Bondurant. We have enjoyed the great support of the community and forged great relationships with our loyal employees and customers. We have built our business on the values of service, integrity and loyalty; values that we share with Fareway,” said Brian and Mary Lohse, owners.

“While it was not an easy decision to make, in deciding to sell the grocery store to Fareway, we know that they will carry on those same values and provide greater opportunities to both our employees and our wonderful community. We look forward to continuing to serve Bondurant in Brick Street Market Café and provide the community with the best pork tenderloin in the state!”

Fareway must complete its due diligence before the transaction will close. The company will also interview existing Brick Street Market employees in the coming days and anticipates the store being closed beginning in early January for remodel and reopening as soon as possible. The Brick Street Market Café will remain open during the Fareway remodel.

After the past two years of uncertainty and changed plans due to the COVID-19 pandemic, we all hoped that 2022 might bring back a sense of normalcy.

However, with government and independent data confirming 40 years of inflation highs and Wall Street entering a bear market, grocers now have new challenges to face.

In this webinar, we will hear from Todd Taylor of Neighborhood Fresh and Darlene Murphy of Metcalfe’s Market about why shopper loyalty is so important in this time of inflation.

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